Global Factors

”This week won’t bring any significant cues, so we may see a tussle between bulls and bears. Because the US market is currently experiencing the second wave of selling following the Federal Open Market Committee (FOMC) meeting, its direction will continue to be crucial.

RBI’s MPC panel blames global factors in inflation letter

The war in Ukraine and resultant spurts in energy and food costs, and supply disruptions caused by the pandemic are among main reasons cited, the people said, asking to stay unidentified as the correspondence is private.

Need to boost manufacturing to create jobs, take advantage of global factors: Anand Mahindra

Addressing shareholders at the company’s 76th annual general meeting here, Mahindra said that there are some gaps that need to be filled in to take full advantage of the opportunities arising out for the country.

Global factors, macro data, earnings to drive market trends this week: Analysts

Analysts said that volatility might continue amid slew of announcements of macroeconomic data at the global level too.

Make a focus list of stocks and buy them in panic: Quantum Sec

Fund flows, more than anything else, is driving the market higher says Sanjay Dutt, Director at Quantum Securities. As long as flows continue, the uptrend can sustain despite stretched valuations and weak fundamentals, he says.

Bet on rupee-sensitive stocks; growth missing: Jaipuria

Independent market expert Jyotivardhan Jaipuria advises investors to bet on rupee-sensitive stocks such as IT and pharma (though not the large cap pharma companies), private sector banks and industrials in the near-term

See cautious RBI guidance; 25 bps repo rate cut: HDFC Bank

Abheek Barua, chief economist at HDFC Bank, says the emphasis is shifting towards consumption through OROP and the 7th Pay Commission. At the same time, financial savings may not pick-up if inflation rises and real rates fall

D-St numb with negativity; good monsoon not factored: Irani

Mehraboon Irani, Principal and Head- Pvt Client Group Business, Nirmal Bang Securities advised investors that as and when the market gives an opportunity, go and buy because the option of buying stocks is very limited.

Difficult to marry fundamentals with market moves: HDFC Bk

Jyotinder Kaur, economist, HDFC Bank says that it is difficult to defend any market levels now as there is a negative spiral unwinding, propelled by global factors. Global factors also have a huge role to play with the depreciation of the rupee, she says.

Rupee falls as risk-taking fades, RBI watched

The rupee weakened on Wednesday as global risk taking faded and the currency appeared vulnerable, even though it pulled back from near three-month lows on the potential for RBI intervention.

India has better chances of a recovery in H2: JF Asset

In an exclusive interview with CNBC-TV18’s Mitali Mukherjee and Udayan Mukherjee, Rukhshad Shroff managing director, Pacific Region Group with JF Asset Management says that the earnings seasons ahead can trigger correction in the market. He believes that the odds for India recovering in the second half of the fiscal year have improved.

High oil prices, political issues topmost on mind of Indian markets: Credit Suisse

Ashish Gupta, head of India research with Credit Suisse from the Credit Suisse Conference in Hong Kong, gave his perspective on the market and his outlook on the oil prices going forward.